Tickets and passes
Last updated
Last updated
The ticketing industry is always seeking new and innovative ways to grow revenue and increase customer satisfaction. Blockchain technology has the potential to resolve many pressing issues currently plaguing the event industry.
Digital ticketing offers a faster way to create traceable and transferable tickets. It also enhances security, ensures ticket validity and provides more control over the secondary market.
There is a concert of your favorite singer or your favorite team is playing in a match,you just have to buy the tickets/passes fo the event and you can enjoy it live. But by the time you find out about it, it is sold out and now the scalped tickets are being sold on the secondary market, or what is popularly known as ‘black market’. Ticket scalpers systematically buy large numbers of sport and entertainment event tickets with the sole aim of reselling them at a high profit above the initial purchase price.
Even the most advanced and modern ticketing systems are subject to the risk of ticket counterfeiting and this is especially true for tickets purchased from a private individual, as buyers can never be certain that the ticket they’re about to buy is actually valid.
Blockchain technology, in particular, can be leveraged as a solution to deliver digital tickets safely, give out special offers, updates, and more to event-goers.Digital ticketing offers a faster way to create traceable and transferable tickets. It also enhances security, ensures ticket validity and provides more control over the secondary market.With digital tickets,each ticket is securely linked to its respective buyer, and these transactions are stored in the Blockchain database.
We conceptualized and created IDentriX, with the sole purpose of bringing digital credentials to solve real world problems.IDentriX helps in solving the various flaws in the ticketing industry.
Any Event Ticket Issue platform can issue tickets/passes to the ticket buyers via the IDentriX dashbaord.
The buyers will receive the digital ticket in their IDentriX identity wallet.
While entering the event ,security person will send a verification request to which the ticket holder will accept ,after which the person will be allowed to attend the event.
With digital tickets, knowledge truly is power. In providing the whole history of ticket transactions, event managers can identify ticket buyers, view all previous transactions, and see if a ticket has been resold and at what price. This reduces fraud and operational costs.
Governments worldwide are scrutinizing the secondary ticket market. Digital tickets are the answer. Issuing digital tickets regulates the ticket reselling process, sets the proper price for tickets, and places limits for resale. It also helps tighten control of scalpers
IDentriX gives almost instantaneous identity verification to help ensure you know who your real attendees are. Which means event organizers will know exactly who’s attending, while collecting invaluable data analytics for future marketing purposes.
With digital tickets you’ll know when tickets were sold, if and to whom they were resold to, at what price, etc. You can verify and track a ticket’s origin, giving you a basis for dispute resolution and compliance.
